A competitive firm has a short-run total cost curve

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A competitive firm has a short-run total cost curve STC(q) = 0.1q² +10q + 40.

a. Identify SVC and SFC.

b. Find and plot the SAC and SAVC curves.

c. For this function, the SMC curve is given by SMC(q) = 0.2q +10. Include this curve in your diagram for part b.

d. Write the equation for the firm’s short-run supply curve and indicate it in the above graph.

e. Find the firm’s break-even price pe (at which profits are zero) and its shut-down price p_s.

Reference no: EM13744681

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